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Extending Lines of Credit
Lines of credit are intended for RA resident and non-resident legal entities and sole proprietors at business loan interest rates, loans will be disbursed in Armenian drams or foreign currency. The following lines of credit are available to relevant borrowers:
- Revolving line of credit, under which you can periodically repay the debt within the limits and term of validity of the approved line of credit and borrow funds within the set limits. It is noteworthy that an annual interest rate at 0-4% will be accrued on the unused portion of the line of credit.
- Non-revolving line of credit, funds will be extended to a borrower in several portions, upon the debt repayment the line of credit limit will not be renewed; besides, no interest will be accrued on the unused portion of the line of credit.